MoFo Advises SoftBank in $40 Billion Sale of Arm to NVIDIA

Morrison & Foerster is advising SoftBank Group Corp. and SoftBank Vision Fund (together, “SoftBank”) in the $40 billion sale of UK-headquartered multinational semiconductor and software design company Arm Limited to U.S. chip company NVIDIA (NASDAQ: NVDA).

The combination brings together NVIDIA’s leading AI computing platform with Arm’s vast ecosystem to create the premier computing company for the age of artificial intelligence, accelerating innovation while expanding into large, high-growth markets. SoftBank will remain committed to Arm’s long-term success through its ownership stake in NVIDIA.

The transaction was announced on September 13, 2020 and is subject to regulatory approvals. MoFo was also lead counsel to SoftBank in its acquisition of Arm for c.$32 billion (£24 billion), the first large-scale M&A transaction to be announced in the UK following the Brexit vote in 2016.

The MoFo deal team representing SoftBank on the transaction is led by Ken Siegel, managing partner of the firm’s Tokyo office, Eric McCrath, San Francisco corporate partner and co-chair of the firm’s Corporate Department, and London corporate partner Gary Brown.

Read more about the transaction in the companies’ press release.